Aegean Invests $14M in 47,000-SF Office Property
Summer St. Bldg. Trades for $306 PSF
Aegean Capital acquired 285-297 Summer St. in Boston from Payette Associates Inc. for $14.25 million, or about $306 per square foot.
The six-story, 46,550-square-foot, Class B office building was built in 1897 and is in the South Station/Fort Point Channel submarket. The building is on .2453 acres and has a parking ratio of .33 per 1,000 square feet. The property is 100% occupied by Payette Associates.
Richard Bradbury and Richard Herlihy of Richards Barry Joyce & Partners represented the buyer and the seller.
Please refer to CoStar COMPS #1510365 for more information on this transaction